Abandoned Property Program accepting applications
Journal Standard
FREEPORT The Illinois Housing Development Authority’s Abandoned Property Program is currently accepting applications for round five of the program.
IHDA will make competitive grants available to municipalities, counties and land banks for the maintenance and demolition of abandoned residential properties within their jurisdictions to assist with local revitalization efforts. Funds will be distributed throughout the state geographically, as determined by the enabling legislation.
Completed applications will be accepted through 3 p.m. Feb. 16. Maximum grant amount is $75,000. Grant funds may be used for securing, maintaining, demolishing or rehabilitating abandoned residential properties.
To apply: ihda.org/my-community/revitalization-programs.
Strong Communities Program Distributes $10 Million Across The State
The Illinois Housing Development Authority is distributing $10 Million across the state through the Strong Communities Program.
The Strong Communities Program will distribute grants to local government agencies to renovate vacant and run-down properties and allow them to be bought to make them productive and taxable.
The grants can be used to maintain, acquire, or demolish homes while creating jobs and affordable housing.
During this round of grants Harrisburg will receive $100,000 from the program.
Harrisburg Economic and Community Development Coordinator Alex Watkins says the city has been cleaning up properties for the last few years and this is a big boost for them.
Town of Normal
A union-backed development group is moving forward with a $9 million affordable senior housing project that would use the old TB Sanatorium in Normal.
The Laborers Home Development Corporation has done a lot of senior housing and affordable family housing. The goal is to provide jobs for Laborers International union workers in the Midwest region. Laborers Home Corporation representative Tim Ryan said McLean County government approached the firm about the idea. We rehabbed a high school into senior apartments. I believe the county caught wind of that and asked if we would consider looking at this project for that same population, said Ryan.
Connecticut
The Connecticut Housing Finance Authority gives loans for down payment assistance. You must borrow at least $3,000, but you can t borrow more than the minimum down payment for your home.
You might find assistance specific to where you live through the Housing Development Fund.
Delaware
You can receive 2% to 5% of your mortgage amount as a loan from the Delaware State Housing Authority, and put that loan toward a down payment or closing costs. You won t pay interest, and you ll pay back the loan when you move, refinance, or pay off your mortgage. You can also get up to $2,000 per year in tax credits.
Blighted, vacant buildings on Jacksonville s radar
Darren iozia, Journal-Courier
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Walter Ellenburg (from left), Jesse Wismer and Blake Gum of C.L. Campbell Construction install drywall at 220 E. State St. The downstairs section is slated to be a candy cane-themed bar with four one-bedroom apartments upstairs.Darren Iozia, Darren Iozia | Journal-CourierShow MoreShow Less
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Apartments at 220 E. State St. are expected to be available in January.Darren Iozia, Darren Iozia | Journal-CourierShow MoreShow Less
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The COVID-19 pandemic has not slowed the economic growth in Jacksonville. The city of Jacksonville has been working with the state to work toward acquiring blighted properties to either tear down or renovate for resale both residential and commercial including the Jacksonville Developmental Center.